Global Electric Energy Meter Market Overview:
Electric Energy meter is a device which measures quantity of electrical energy used by the consumers. Utilities install these instruments at every place like homes, industries, organizations to charge the electricity consumption by loads such as lights, fans and other appliances. It is used in domestic and industrial circuit for measuring the power consumption. The meter is less costly and accurate. An energy meter contains of a current coil and a pressure coil the resistance at the current coil is least and the resistance of a pressure coil is maximum.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Demand for Smart Meters
Market Growth Drivers:
Increasing Emphasis on Renewable Energy Sources
Challenges:
Rise of Smart Electric Meter.
Restraints:
High Initial Investment
Opportunities:
Demand for Energy Efficiency in Emerging Markets
Competitive Landscape:
Demand for electricity meters is growing due to the key benefits they hold such as energy savings, knowledge of peak consumption, fraud detection and prepayment facilities. Because of which the Electric Energy Meter market is projected to witness a high competition among suppliers as they are striving to differentiate themselves on the basis of quality and cost.
Some of the key players profiled in the report are Maddalena Spa (Italy), Zhejiang Longer Electric Co. Limited (China), Elgama-Elektronika Ltd. (Lithuania), Energo Control LLC (Russia), Holley Metering Ltd. (China), Itron (United States), Landis+Gyr (Switzerland), Danwell APS (Denmark), Shanghai Aoyi Electric Co. Ltd. (China) and Kaifeng Qingtianweiye Flow Instrument Co. Ltd (China). Additionally, following companies can also be profiled that are part of our coverage like People Ele. Appliance Group Co. Ltd. (China), ABB Ltd (Switzerland), Iskraemeco (Slovenia) and Siemens AG (Germany). Analyst at AMA Research see Chinese Manufacturers to retain maximum share of Global Electric Energy Meter market by 2028. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Electric Energy Meter market.
Latest Market Insights:
In November 2018,Global Water Meter Market is estimated to grow significantly in the forecast period owing to the global advancement of water infrastructure segment and efforts to decrease the quantity of non-revenue water. Water meter is a device that measures the use of water. Just like the electricity and gas meters, water meters record the quantity of water used.
In September , 2023: , the Global Leadership Council (GLC) of the Global Energy Alliance for People and Planet (GEAPP) convened on the sidelines of UNGA 78 to review progress against its two signature initiatives:
What Can be Explored with the Electric Energy Meter Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Electric Energy Meter Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Electric Energy Meter
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Electric Energy Meter market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Electric Energy Meter market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Electric, Water and Gas utilities, Manufacturer of electric, gas and water companies, Distributor of Energy providers, Government and Industry Associations, State and National Regulatory Authorities, Distribution Grid Operators, Energy Regulatory Agencies and State or Government-Owned Corporations.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.